Saturday, 29 July 2017

Bitcoin news

BTCe is gone. The importance of chosing a safe exchange

All BTCe bitcoins and ethereums have been sized by US government and will never be released to their previous owners. The main argument is that BTCe was running a non-compliant exchange that offered services to US citizens.

BTCe was one of the oldest cryptocurrencies on the market, and it still disappeared in a single day, proving once more the importance of using regulated services. Anyone who wants to get into the crypto-currency market, need first to change their fiat (be it USD, EUR, GBP, etc) to crypto using some exchange.

Why not use something that is regulated and safe. Virwox has been around for more than 10 years, and it was one of the places were first wave of online assets like Second Life Dollars were transactioned in the past. Virwox World Services GmbH is a registered company in Austria, which is a member of EU, one of the regions of the world with the most serious laws in terms of money handling entities.

As I always said on this blog, yes, there is a premium to pay for their service, and the buying experience in not as straightforward as in other places, but it is one of the safest way you can buy bitcoins that you will find.

You can see below a short video showing how you can buy on Virwox